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ABC company manufactures a product consisting of three components. The company manufactures the first and second components but supplies the third component from a supplier. Each component 1 must be processed on a CNC machine, a lathe, and a pressing machine. These operations require 0.6 hour, 0.3 hour, and 0.4 hour per component 1, respectively. Each component 2 requires 0.8 hour on a CNC machine, 0.2 hour on a drilling machine. 0.3 hour on a milling machine, and 0.6 hour on a pressing machine. The company has 5 lathes, 10 pressing machines, 20 CNC machines, 3 drillers, and 6 millers. Assume that each machine operates a maximum of 4000 hours per year. Formulate the problem of deciding the maximum number of product that can be manufactured per year as a linear program (Please do not attempt to find a numerical solution, just the construction of the model is enough).
A large bakery buys flour in 25 kg. The bakery uses an average 4,860 bags a year. Preparing an order and receiving the shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag.
Consider your understanding of what an intervention is and how to design an intervention. Discuss what you have learned with your classmates. Respond to all of the following prompts: Explain what an intervention is and how it fits into the organizati..
The following represents the actual demand and judgmental forecasts developed by two managers for the past 10 weeks. Use the concept of a tracking signal to determine whether the judgemental forecasting system is performing satisfactorily.
What can you do to change the playing field
What is the linear programming model for this problem? What are the boundary points of the feasible region?
Fritz has an open fire insurance policy on his home for a maximum liability of $60,000. The policy has a number of standard clauses, including the right of the insurer to restore or rebuild the property in lieu of a monetary payment, and it has a sta..
Traditionally, human resource management practices were developed and administered by the company’s HR department. Line managers are now playing a major role in developing and implementing HRM practices. Why do you think this change has occurred? Is ..
Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $243 and a unit cost of $115. The retailer requires a 30% markup on selling price. The manufactur..
Write a manual for the maintenance of a large industrial freezer room with dimensions of 40m wide x 60m long x 8 m high. The room is kept at a temperature of -20oC. The company uses forklifts inside the freezer.
People do not get to choose the country in which they are born. Most people do not get to choose the country in which they will live and work. To what extent should businesses help countries develop so citizens have healthy, productive lives?
Assume you are working for a company that sells music online. The marketing department would like to send e-mails to customers who have purchased music from the Web site. These e-mails would use information about the genres of music customers have p..
Unsold copies are sold to a recycler for $0.50 per copy. Assume the demand for newspaper in the neighborhood is normally distributed with mean of 100 and std. dev. Of 15. Find: Service level. How many copies should the retailer buy every day to maxim..
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